Government seeks merger of £5bn DC schemes

Consolidation drive comes alongside confirmation of charge cap changes

James Phillips
clock • 3 min read

Defined contribution (DC) schemes with less than £100m in assets will be required to “justify their continued existence”, with schemes of up to £5bn in assets and potentially higher within the government's scopes.

In two consultation responses and a new call for evidence both published today (21 June), the Department for Work and Pensions (DWP) said it would press ahead with regulations to require small sub-...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Aviva launches 'find and combine' tracing, checking and consolidation service

Aviva launches 'find and combine' tracing, checking and consolidation service

Insurer says end-to-end pension service takes customers just ten minutes to begin

Jonathan Stapleton
clock 17 April 2024 • 2 min read
Why scheme governance and operational resilience is key for private markets in DC

Why scheme governance and operational resilience is key for private markets in DC

Jesal Mistry says private markets can offer significant potential benefits for members

Jesal Mistry
clock 12 April 2024 • 6 min read
People's Partnership calls for ban on pension switching incentives

People's Partnership calls for ban on pension switching incentives

Master trust says cash incentives making people switch to worse pension options

Jonathan Stapleton
clock 08 April 2024 • 3 min read
Trustpilot